Hill-Rom Reports Fourth Quarter Revenue Growth of 14.1 Percent to $424 Million and Adjusted Earnings Per Fully Diluted Share From Continuing Operations of $0.58, an Increase of 52.6 Percent From the ...($27.2 Hill-Rom Depreciation & Amortiz...)

Hill-Rom Depreciation & Amortization $24.4 $21.5

(1) For fiscal year 2008, discrete tax benefits totaled $8.3 million

($0.13 per share), $7.8 million ($0.12 per share) of which was

recognized in the third fiscal quarter, principally associated with

the release of valuation allowances on foreign tax credit

carryforwards and the recognition of certain previously unrecognized

tax benefits associated with recently completed tax audits. Discrete

period tax adjustments have also been recognized in other quarterly

periods, but in much less significant amounts.

(2) Consolidated cash flow amounts are "as reported" and thus include cash

flows from the funeral services business through March 31, 2008.

(3) Beginning June 30, 2008, investment securities were classified as long

term assets on the balance sheet.

Consolidated Results - Highlights

Revenues from Continuing Operations

Y/Y Constant

Q4 2008 Foreign Q4 2008 Q4 2007 Currency

Actual Exchange Adjusted Actual Change

($ In Millions)

Acute Care $272.5 $(0.2) $272.3 $250.6 8.7%

Post Acute Care 50.3 - 50.3 38.8 29.6%

International and

Surgical 103.3 (4.0) 99.3 84.0 18.2%

Eliminations (1.8) - (1.8) (1.4) 28.6%

Total $424.3 $(4.2) $420.1 $372.0 12.9%

Y/Y Constant

YTD 2008 Foreign YTD 2008 YTD 2007 Currency

Actual Exchange Adjusted Actual Change

Acute Care
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